Saia, Old Dominion Sink as Amazon Expands LTL Reach
Shares of major less-than-truckload (LTL) carriers Saia and Old Dominion Freight Line faced significant downward pressure today following reports of Amazon’s aggressive expansion into the LTL logistics sector. Investors are reacting to fears that Amazon’s growing internal freight capabilities could disrupt the long-standing market dominance of these traditional industry players, potentially squeezing margins and tightening competition across the domestic shipping landscape.